119-s1360

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1360 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1360

 To require an annual report on United States portfolio investments in 
 the People's Republic of China, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 April 8, 2025

 Mr. Scott of Florida (for himself and Mr. Van Hollen) introduced the 
 following bill; which was read twice and referred to the Committee on 
 Banking, Housing, and Urban Affairs

_______________________________________________________________________

 A BILL

 To require an annual report on United States portfolio investments in 
 the People's Republic of China, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Protecting American Capital Act of 
2025''.

SEC. 2. ANNUAL REPORT ON UNITED STATES PORTFOLIO INVESTMENTS IN THE 
 PEOPLE'S REPUBLIC OF CHINA.

    (a) In General.--Not later than one year after the date of the 
enactment of this Act, and annually thereafter, the Secretary of the 
Treasury shall submit to Congress a report on portfolio investments by 
United States persons in the People's Republic of China, including such 
investments routed through a jurisdiction outside the United States.

    (b) Elements.--Each report required by subsection

    (a) shall include 
an assessment of the involvement of the following in portfolio 
investments in the People's Republic of China:

    (1) United States persons making such investments, 
 including an assessment of--
        (A) the types of United States persons making such 
 investments, including State pension funds; and
        (B) United States persons making more than 2 
 percent of the total of such investments in a year.

    (2) Chinese entities receiving such investments, including 
 an assessment of--
        (A) such entities in individual sectors of the 
 economic of the People's Republic of China, including 
 the housing sector;
        (B) any Chinese entities subject to sanctions 
 imposed by the United States receiving such 
 investments; and
            (C) Chinese entities that receive more than 
 $100,000,000 from such investments.
            (c) Period Covered.--The period covered by a report required by 
subsection

    (a) shall be--

    (1) in the case of the first such report, the period 
 beginning on January 1, 2008, and ending on the date of the 
 report; and

    (2) in the case of each subsequent such report, the one-
 year period preceding submission of the report.
            (d) === Definitions. ===
-In this section:

    (1) Chinese entity.--The term ``Chinese entity'' means an 
 entity organized under the laws of the People's Republic of 
 China or otherwise subject to the jurisdiction of the 
 Government of the People's Republic of China.

    (2) United states person.--The term ``United States 
 person'' means--
        (A) a United States citizen or an alien lawfully 
 admitted for permanent residence to the United States; 
 or
        (B) an entity organized under the laws of the 
 United States or any jurisdiction within the United 
 States, including a foreign branch of such an entity.
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